Expectations for the Office Market in 2021

The latest CBRE Market Outlook report issued this week and it is fair to say, on the whole, is it broadly more positive than the Mitchell McDermott report referenced here last week. There is some great information on the current Dublin office marketplace, with insights on trends around occupier behaviours and priorities when guiding their…

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‘Worry Trend’ of Planning Objections

It is unlikely to surprise many people in the industry that the number of proposed new housing units delayed by judicial reviews has increased over the past two years. This is something we have mentioned here, in frustration, on a number occasions, usually in the context of poor local planning or outright NIMBY-ism (‘not in…

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The office is dead. Long live the office

With news emerging this week that suggests the reopening of non-essential construction activities might be pushed out by a further month, to early April, it was good to read that Dublin is now the most popular destination for financial services firms moving business out of London. While this is not altogether unexpected or surprising, it…

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How Democratic is Planning in Ireland?

This is a big question. Perhaps the better question is around the perceived democracy of our current planning regime. How democractic do people in Ireland think or believe the planning system to be? And the answer appears to depend upon where you live, whether or not you own your own home, what level of wealth…

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Ireland Leads the Charge in Attracting High Net Worth Individuals from Outside the EU

According to StockHouse.com, ‘High net worth professionals prefer Ireland’s IIP for investment immigration due to the greater flexibility and cost certainty it offers’. This news report was based largely on the latest performance report from the Irish Diaspora Loan Fund, which is just one of the approved products offered under Ireland’s Immigrant Investor Programme, or IIP.…

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Public Consultation: The Future of Residential Development in Dublin

We knew it was coming but it looks like the day is finally here, say goodbye to three-bed semis in Ireland’s capital city. Reporting on this bold ambition, Olivia Kelly, Dublin Editor for The Irish Times recently published an article titled ‘Days of three-bed semis in Dublin are over as high density housing plans take hold’ wherein…

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A House Divided on Delivery

Housing Minister Darragh O’Brien published an article entitled ‘Housing policy must not be driven by ideology’ in The Irish Times today. This might reasonably be interpreted as a response to a number of articles published by the political opposition since New Year, which criticise housing delivery across a range of factors, including build cost, value for State…

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Another year, another construction shutdown

Happy New Year to all. The New Year is normally a time to share greetings and plans for the year ahead, unfortunately, this January is anything but normal. Covid-19 infection rates continue to rise and, from close of business tomorrow (January 8th), all non-essential construction activities will be halted in an attempt to slow the…

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What can we expect of the market in 2021?

While the OECD has predicted the Irish economy will grow by 3 percent next year – despite an inevitable January lockdown –  latest market analysis from Goodbody Stockbrokers forecasts that house prices across Ireland will fall by an average of 5 percent in 2021; compare this to the 20 percent price drops we were gearing…

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